HOUSTON's NextDecade Corporation has announced a US$18.4 billion plan to build America's biggest LNG export facility in Brownsville, Texas, reports Ventura, California's gCaptain.
The company called the decision the largest greenfield energy project financing in US history, highlighting the importance of LNG and natural gas in the global energy transition.
At full capacity, Rio Grande LNG will produce 27 million tonnes of LNG for export. The project includes a large carbon capture and storage component that will aim to capture and permanently store over five million tonnes of CO2 per year, reducing carbon emissions by 90 per cent.
Phase 1 has a nameplate liquefaction capacity of 17.6 MTPA and 16.2 MTPA of long-term binding LNG sale and purchase agreements with various companies including TotalEnergies, Shell NA LNG LLC, and ExxonMobil LNG Asia Pacific.
Global Infrastructure Partners, GIC, Mubadala, and TotalEnergies have committed $5.9 billion for Phase 1, with options to invest in two additional trains and the CCS project. TotalEnergies' investment in trains 4 and 5 is dependent on exercising their LNG purchase rights.
https://www.shippingazette.com/menu.asp?encode=eng
|
Back:
Next:
